Deutsche Bank Maintains Hold on Wolfspeed, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Robert Sanders maintains a Hold rating on Wolfspeed (NYSE:WOLF) and lowers the price target from $17 to $14.
August 22, 2024 | 5:34 pm
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Deutsche Bank has maintained its Hold rating on Wolfspeed but lowered the price target from $17 to $14, indicating a less optimistic outlook.
The lowering of the price target by Deutsche Bank suggests a less favorable view on Wolfspeed's future performance, which could lead to a negative short-term impact on the stock price. The Hold rating indicates no immediate buy or sell recommendation, but the reduced price target reflects decreased expectations.
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IMPORTANCE 80
RELEVANCE 100